EU: downtrend continuation

20 Mar 2020

This market is moving fast. A cluster consisting of a retracement, an extension and a projection has been spotted. The cluster zone held resistance with the sloping trendline as the primary force. After a decline when price reached the cluster, price formed a double top pattern. Now testing 50% of the double top range, I believe a sell opportunity is present. Looking to ride the trend with another dip in these prices.

Here is a bigger view, with an extended trendline and with another 61.8% fib ret as confluence.


Good luck to all trading EURUSD!

20 Mar 2020

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